I am reading a piece of information, the trade price of green Chinese onion has risen by 641.2% against the same period of last year, but 26.7% of the workman has not increase wages in the last 5 years.

China, in recent months, goods are on the advance. Take the green Chinese onion for instance, it costs 5.4 to 7.6 RMB per kilos, against the same period of last year, it just costed 0.7 to 1.0 RMB per kilos.

The prices of vegetables, meat, fruit and some other things are all going up, the price has been the talk of the town.

The NPC and CPPCC sessions reported that Interim price control necessary too:

China’s interim price intervention announced in mid-January is necessary and in accord with the law, said Ma Kai, the top macro-economic planner on Thursday.

“As a responsible government, we will not turn a blind eye to the situation”, said the minister in charge of the National Development and Reform Commission, referring to the price hikes since mid 2007, which was worsened by the snow havoc before the Spring Festival.

Last year, China’s consumer price index (CPI) rose 4.8 percent year-on-year, the highest since 1997 and well above the 3 percent target, mainly due to rises in the cost of food and housing.

I searched about the rank of CPI, and found some interesting data:

- When CPI is greater than 3%, it means INFLATION;
- When CPI is greater than 5%, it means SERIOUS INFLATION.